Supply Chain Risk Exposure Evaluation Network Gains Momentum

(BSI: Reston VA) -- Just one year ago, BSI America Professional Services introduced its Supply Chain Risk Exposure Evaluation Network (SCREEN), a web-based intelligence tool for supply chain security. Since then, SCREEN has been adopted by leading enterprises in the high-tech, retail, and transportation sectors. A key SCREEN client was additionally selected as a top tier performer in supply chain management, according to the 2011 Gartner Supply Chain Top 25. The top 25 were selected based on a combination of financial opinion components, using publicly available company financial statements.

“Supplier risk will continue to be a major focus, and companies will look to technology for a scalable risk assessment and management solution,” says Noha Tohamy, research vice president of the Gartner Supply Chain Group.

SCREEN supports the creation and management of global, risk-based supply-chain security programs. SCREEN presents proprietary risk data and BSI-generated analysis related to global supply-chain security-risk exposure and provides trade and compliance information for more than 200 countries. BSI’s threat-analysis and security countermeasure recommendations in areas such as in-transit security, supplier minimum-security criteria, and cargo chain-of-custody controls helps SCREEN users identify and understand supply-chain security threats, and aids in developing tailored approaches to improve business continuity and compliance.

 “2011 was a very dynamic year in supply-chain security, as witnessed by the demand for SCREEN,” says Dan Purtell, senior vice president of supply-chain security solutions at BSI. “Last year [2011] saw significant shifts in the Middle East, as well as a heightening of concern in major nations, particularly the BRIC nations of Brazil, Russia, India, and China, and in the nation of Turkey. Our clients rely on SCREEN for the most complete, publicly available supply-chain security intelligence data and analysis.”

Since the introduction of SCREEN, BSI supply-chain risk analysts have captured, processed, and analyzed more than 3,000 events. The magnitude and range of these events are reflected in BSI Global Cargo Theft loss forecast, which grew from $19.4 billion in 2010 to an expected $23.2 billion in 2012. SCREEN also noted that supply-chain terrorism expanded from 32 to 37 countries in 2011, and the frequency of attacks remained steady at about one attack every four days.

The U.S. Customs-Trade Partnership Against Terrorism (C-TPAT) program recommends a five-step risk assessment process for which U.S. Customs and Border Patrol lists more than two dozen intelligence sources that participants may use as the basis for incorporating risk into supplier assessments. As a single source, SCREEN can easily replace these multiple sources. Using the same technology and intelligence protocols that U.S. government bureaus currently employ, SCREEN is also an ideal supply-chain intelligence tool for customs administrations; agencies involved in border security, intelligence, and licensing; and government offices involved in regulating trade.

 

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